I would recommend that you focus on which area you want to eventually settle down in.

We simply include the tax on the invoice sent to guests, which makes it easier to track and ensures we're covered for tax purposes at the end of the year.For Chicago, I’d recommend checking directly with the city’s tax office or a CPA, but generally, you’ll need to register with the city, collect the hotel tax from guests, and remit it on a regular schedule (likely monthly or quarterly).

Hi @Yinon Estikangi,If you're looking to go with a DSCR I would recommend getting a lease in place first.

In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple. 

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

While not mandatory to purchase in an LLC, I would recommend it.

It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals. 

It is possible to utilize low down payment loans and live in great neighborhoods in Chicago Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

College rentals are relatively expensive and come with their own unique challenges:1) Roommates not getting along2) No one cleaning or maintaining the property3) Weekend party damages4) Etc...While you are considering what to invest in, recommend you also figure out the property Class you want to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Hey all,Can anyone recommend a pergola that they have purchased for their backyard and are happy with?